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12-08-14
Saudi SABS, BMG sign deal
(MENAFN) Saudi BMG Financial Group signed a strategic cooperation agreement with Salman Abdullah Bin Saeden Real Estate Group (SABS), Arab News reported.
The agreement pays main focus on real estate funding, which is an important addition to the prospering real estate market, the joint venture stated.
It also will assist BMG and SABS group"s shared vision of expanding the real estate funds investment through different real estate activities across various cities in Saudi Arabia.
The mutual agreement will enable BMG to advise, arrange and place a number of real estate opportunities for SABS in the promising Saudi market.
"We have chosen BMG Financial Group as our primary advisers because of their extensive experience in financial advisory, arranging private and public offerings," said the president of SABS Group.
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